The federal government provides a number of tax incentives that can help lower the cost of higher education. Below are information pertaining to those tax incentives and credits.
Tax credits directly reduce the amount of tax you pay. Tax deductions reduce the amount of your income that is taxed. You may qualify for more than one of these incentives, but there are some restrictions. It’s a good idea to calculate your taxes multiple ways to find the maximum benefits available to you. Click on the link above to see if you might qualify!